Economics > 2020 > 33
WASSCE
How is NNP at factor cost derived from GNP at market prices?
A.
GNP - Depreciation + Indirect taxes + Subsidies
B.
GNP - Depreciation - Indirect taxes + Subsidies
C.
GNP + Depreciation + indirect taxes - Subsidies
D.
GNP + Depreciation - Indirect taxes + SUbsidies
Answer: B
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